Tinka Resources Limited (CVE:TK) (OTCPINK:TKRFF) (FRA:TLD) announced partial drill results from the first two holes of the 2020 drill program at the Ayawilca project in Peru, which included 25.9 metres (m) of 10.0% zinc and 15 grams per tonne (g/t) silver from 282.6m.
The company noted that drill hole A20-170 at South Ayawilca intersected several zones of high-grade zinc (silver-lead) mineralization from 203m to 357m depth, but that assay results beyond 309m depth are still pending. Tinka did say, however, that significant visible zinc and iron sulphide mineralization has been observed from 309m depth.
Tinka Resources CEO Dr. Graham Carman said in a statement: "These initial drill results are a great start to the 2020 drill program. Hole A20-170 intersected a better than expected zone of high grade zinc mineralization at South Ayawilca, with additional mineralization to be reported from deeper in the hole, once results are received from the lab. Importantly, this hole hit high grade silver-zinc-lead mineralization as well as massive pyrrhotite at shallower than usual depths, suggesting that replacement of limestone by sulphides is much thicker in this area than previously recognised. Additional holes are planned to further drill test this high grade area, as well as the large gap between West and South."
The company said about 2,500m have been completed thus far in seven drill holes and the overall program is now expected to extend into early 2021. It added that several drill targets still remain to be tested, including the large area between West and South Ayawilca, which has seen limited past drilling.
Tinka Resources is advancing its wholly-owned Ayawilca zinc project in Peru, which spans 170 square kilometres and is considered one of the world’s largest undeveloped zinc prospects.
The Ayawilca Zinc Zone (sulphide) contains an estimated 1.8 billion pounds zinc and 5.8 million ounces silver in the Indicated category, and 5.6 billion pounds zinc and 25.2 million ounces silver in the Inferred category, while the Colqui Silver Zone (oxide) contains an estimated 14.3 million ounces silver in the Indicated category and 13.2 million ounces silver in the Inferred category, with mineralization starting from surface.
Contact Sean at email@example.com